Opportunities Credit Union is partnering with Old Spokes Home to provide E-Bikes at low rates to Vermonters. With no minimum loan amount, up to $4,000 financing available, and rates as low as 0% depending on Household income, this program could be what you’re looking for!
Old Spokes Home will subsidize the price of top of the line electric bike models that it carries so Everybody Bikes customers who are referred by partner organizations can access quality e-bikes for transportation for as low as $1,700. Visit Old Spokes home to get more details here:
https://www.oldspokeshome.com/e-bike-program
Additionally, partners Burlington Electric Department (BED) & Green Mountain Power (GMP) will give a $200 rebate to their customers. Visit their websites here:
https://burlingtonelectric.com/ebike
https://greenmountainpower.com/product/ebike-rebate/
Eligibility:
- To qualify for the 0% interest rate your household income must be below $78,600
- To qualify for subsidized sale price household income must be below 300% poverty rate and/Are using the e-bike to access employment
- To qualify for the $200 rebate you must be a current BED or GMP customer
Terms
- Rates as low as 0% APR
- Loan amounts up $4,000
- Flexible repayment up to 36 months
- Quick turnaround from application to closing
Requirements
- Opportunities Credit Union account with automatic payment set up for this loan payment
